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Israeli author David Grossman has won the Man Booker International Prize for his novel “A Horse Walks Into a Bar“. David Grossman has become the first Israeli author to win the Man Booker International Prize. He will share the £50,000 ($64,000) award money with his translator Jessica Cohen.
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Army’s Super-40 in Kashmir Strike Big


Army Chief today met and complimented the students from Army’s Super-40 coaching initiative that
has been training local children to take Engineering Entrance Examination. Army’s Super - 40 initiative for coaching the J&K youth for Engineering Entrance Exams broke all previous records when 26 boys and two girls from the state cracked the IIT-JEE Mains Exam 2017. Nine students have successfully qualified the IIT Advanced Exam, the results of which were declared on 11 June 17.

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🌹1. GST on cashew nuts reduced from 12 per cent to 5 per cent
🌹2. GST on pickles, chutney, sauces, instant food mixes were charged at 18 per cent and are now reduced to 12 per cent
🌹3. GST on kajal slashed from 28 per cent to 18 per cent
🌹4. GST on insulin reduced from 12 per cent to 5 per cent
🌹5. GST on school bags reduced from 28 per cent to 18 per cent
🌹6. GST on children’s colouring and drawing books revised from 12 per cent to nil
🌹7. GST on cutlery reduced from 18 per cent to 12 per cent
🌹8. GST on some tractor components will now attract 18 per cent compared to 28 per cent under previous arrangement
🌹9. GST on computer printers reduced from 28 per cent to 18 per cent
🌹10. GST rate of 28 per cent will be maintained for all cinema tickets above Rs 100 while for tickets below Rs 100, it will be reduced to 18 per cent.
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📝 India gets direct access to swiss accounts

🔴 What has Switzerland ratified?

Switzerland Friday ratified automatic exchange of financial account information (AEOI) with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money, even as it sought strict adherence to confidentiality and data security.

🔘 Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.

🔘 The council, which is the top governing body of the European nation, will soon notify the Indian government about the exact date from which the automatic exchange would begin.


As per the draft notification approved by the council in its meeting on Friday, the decision is not subject to any referendum — which means there should be no further procedural delay in its implementation.

🔘 The council said the proposal to introduce AEOI with India and others “met with widespread approval from the interested parties who voiced their opinions in the consultations“.

🔘 “In concrete terms, the AEOI will be activated with each individual state or territory by means of a specific federal decree within the framework of this dispatch,” it added.

🔘 The exchange of information itself will be carried out based on the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, which in turn is based on the international standard for the exchange of information developed by the Organisation for Economic Co-operation and Development (OECD).


The council said it will prepare a situation report before the first exchange of data, which is planned for autumn 2019.


🔴 Why is Switzerland forced to share information?

For decades, Switzerland was the place where money went to hide. Cash sent to its mountain sanctuaries was protected by some of the strictest secrecy laws in the world.

🔘 But the euro crisis of 2011 saw Switzerland's strict banking secrecy come under assault from countries such as Germany and Britain as never before.

🔘 The council that serves as Switzerland's executive branch had to start looking into steps toward banking transparency after having been threatened with painful isolation if it did not agree to reforms. 

🔘 There have also been continuous global efforts to crackdown on illicit fund flows in the system and do away with banking secrecy practices.

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UPSC Massala:
♻️ Environmental Impact Survey

India has been ranked 75th out of 102 countries in a list that ranks the countries in terms of the human impact on environment per person. The ranking has been done by MoneySuperMarket, a UK-based financial services website.

The ranking has been made based on the impact the citizens have on the environment by taking into account energy consumption, air pollution, waste production, reliance on non-renewable energy, the carbon dioxide emissions per capita, wastewater treatment capacity, municipal solid waste generated and tree cover loss etc. Of all the parameters, the most weight has been given to Carbon dioxide emissions, municipal solid waste and energy consumption.

Salient Highlights

Top 10 Performers: Mozambique (1st), Ethiopia (2nd), Zambia (3rd), Latvia (4th), Kenya (5th), Albania (6th), Ghana (7th), Tajikistan (8th), Nepal (9th), Colombia (10th).

Worst Performers: Trinidad and Tobago (102nd), United States (101st), Sri Lanka (100th), Ireland (99th), Canada (98th), China (97th), Australia (96th), South Africa (95th), Cyprus (94th), Malaysia (93rd).

Mozambique has topped the list as it derives almost all of its energy from green sources.

India, on the other hand, has been placed at 75th place as its renewable energy sources make up only 15.2% of all energy sources used.

The US has been placed second last on the list at the 101st position as the U.S. per capita carbon dioxide emissions are 17 tonnes per capita. Further, the country generates 2.58 kgs of municipal solid waste per person, and the energy consumption is 312.79 BTU per capita. Also, its reliance on renewable sources are even lower than India at 12.56%

India, on the other hand, generates 1.7 tonnes of carbon dioxide per capita (between 1990 and 2011), 0.34 kgs of municipal solid waste generated per day per person, and energy consumption at 19.75 BTU (British Thermal Unit.) India has been ranked poorly due to its low reliance on renewable energy (15.2%).

Trinidad and Tobago has been ranked last as it hardly relies on any green energy sources. Africa as a continent has topped the list.
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What is the Ketogenic Diet?

A keto diet is well known for being a low carb diet, where the body produces ketones in the liver to be used as energy. It's referred to as many different names – ketogenic diet, low carb diet, low carb high fat (LCHF), etc. When you eat something high in carbs, your body will produce glucose and insulin.

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What are Micronutrients ?

Micronutrients are nutrients required throughout life in small quantities for a wide range of physiological functions enabling the body to produce enzymes, hormones and other substances essential for proper growth and development. These include dietary trace minerals in amounts generally less than 100 milligrams per day, as opposed to macrominerals, which are required in larger quantities. The microminerals or trace elements include iron, cobalt, chromium, copper, iodine, manganese, selenium, zinc and molybdenum. Vitamins are also micronutrients and perform diverse biochemical functions.
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Today's Mains question:

Critically examine the role of urban planning in addressing urban violence in Indian cities. (200Words)
Write and send it, I'll evaluate it.
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When was the PMAY scheme launched?

Pradhan Mantri Awas Yojana which aims to provide Housing for All by 2022 was launched in June 2015. The Government envisages building affordable pucca  houses with water facility, sanitation and electricity supply round-the-clock.

The scheme originally was meant to cover people in the EWS (annual income not exceeding Rs. 3 lakh) and LIG (annual income not exceeding Rs. 6 lakh) sections, but now covers the mid-income group (MIG) as well.

Under PMAY, it is proposed to build 2 crore houses for urban poor including Economically Weaker Sections and Low Income Groups in urban areas by the year 2022 through a financial assistance of Rs. 2 trillion (US$31 billion) from central government.

This Mission has four components viz., In-situ Slum Redevelopment with private sector participation using land as resource, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership with private and public sector and Beneficiary led house construction/enhancement. Under these components, central assistance will be in the range of Rs. 1 lakh (US$1,600) to Rs. 2.30 lakh (US$3,600).

It aims to transform slum areas by building homes for slum dwellers in collaboration with private developers.

It plans to give a credit-linked subsidy to weaker and mid income sections on loans taken for new construction or renovation of existing homes. An interest subsidy of 3 per cent to 6.5 per cent has been announced for loans ranging between Rs. 6 lakh and Rs. 12 lakh.

For those in the EWS and LIG category who wish to take a loan of up to Rs. 6 lakh, there is an interest subsidy (concession) of 6.5 per cent for tenure of 15 years

The Government later increased the loan amount to Rs. 12 lakh, targeting the mid-income category. The interest subsidy on loans upto Rs. 12 lakh will be 3 per cent. In rural areas, interest subvention of 3 per cent is offered on loans up to Rs. 2 lakh for constructing new homes or extension of old homes.
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India’s National Mental Health Policy, 2014, seeks to employ financial and human resources to provide universal access to mental healthcare.

Provisions in the Mental Health Care Bill include “decriminalization of suicide; the right to access good quality mental health care and services run and funded by the government; protection from inhuman and degrading treatment; free legal services; access to medical records; advance directives that confer the right to the mentally ill the kind of treatment they prefer; abolition of direct electroconvulsive therapy treatment; registration of mental health establishments, including those run by the government; setting up of oversight bodies to ensure that there is monitoring and redress of violations.” These must translate into practice.
Today's Mains question
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The constitution of India contains special directives to protect the interests of linguistic minorities and to promote the development of Hindi language. Critically discuss significance of these directives and issues arising out of them. (200 Words)
Today's Mains question
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With a pendency of 59,000 cases in the Supreme Court (SC), over four million in high courts (HC) and a mind-boggling 25 million in subordinate courts, the judicial system is virtually dysfunctional. Considering these facts, do you think government of India’s suggestion for appointing a Search Cum Evaluation Committee (SEC) has a merit? Critically examine. (200 Words)
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What is TX- 2 initiative?

Double the number of Tigers by 2022.
Tigers are the largest species of cat and one of the most iconic animals on the planet. One hundred years ago, there were 100,000 wild tigers.
By the year 2010, as few as 3,200 wild tigers remained.
This shocking 97% population decline was driven by rampant poaching and habitat loss. In 2010, governments of the 13 tiger range countries decided innovative conservation efforts were needed. The most ambitious and visionary species conservation goal was set: to double the number of wild tigers by 2022 – the next Chinese year of the tiger.
The goal is called Tx2 running by WWF. 
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What is MAC address ?

A media access control address (MAC address) of a computer is a unique identifier assigned to network interfaces for communications at the data link layer of a network segment. MAC addresses are used as a network address for most IEEE 802 network technologies, including Ethernet and Wi-Fi.
A MAC address is given to a network adapter when it is manufactured. It is hardwired or hard-coded onto your computer's network interface card (NIC) and is unique to it. Something called the ARP (Address Resolution Protocol) translates an IP address into a MAC address.
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*Economic Times*
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Ø  Sebi to levy fee on P-Notes, bars speculative issuance
Ø  CDSL IPO a mega hit; oversubscribed 170 times
Ø  FIEO sets export target of $325 bn for this fiscal
Ø  Urjit Patel for avoiding premature policy action by RBI
Ø  RBI lifts restriction on foreign investment in IDFC
Ø  Axis Bank eyes raising Rs 35,000 cr for expansion
Ø  India to not lose much with China's entry into MSCI

Business Standard

Ø  Govt sells SUUTI stake in L&T for Rs 4,000 cr
Ø  Sebi allows hedge funds to invest in commodity derivatives
Ø  Reliance Jio's freebies led to 11.7% fall in telecom revenues: Report
Ø  PSUs might not meet public float deadline: Sebi chief
Ø  USFDA audit finds no flaws in Cadila Healthcare Moraiya unit
Ø  Lenders clear Jaiprakash Associates recast plan

Business Line

Ø  Govt asks banks to deposit junked notes at RBI by July 20
Ø  Oil falls as bulls discount OPEC cuts; set for worst H1 since 1997
Ø  SEBI eases norms for acquisition of distressed assets of listed companies
Ø  Hinduja Leyland Finance defers IPO plans
Ø  DIPP forms 6 groups for preparing new industrial policy 
Ø  All states except Jammu and Kashmir pass SGST Bill

Mint

Ø  Bank credit grows at 6.02%, deposits at 11.19%: RBI data
Ø  Five RBI monetary policy committee members voted for status quo: minutes
Ø  GTPL Hathway IPO sees 27% subscription on Day 1
Ø  Mark Zuckerberg, Bill Gates try opposite paths to education tech in India
Ø  Reliance Capital gets NCLT nod for shareholders’ meet on demerger
Ø  NHPC awards 50MW solar project order to L&T

Financial Express

Ø  World Bank sanctions 44 million dollars for ASPIRe
Ø  India seeks Russian firms’ support in defence manufacturing: Arun Jaitley
Ø  Tech Mahindra unit to sell LLC Pakistan stake for $5.2 mn
Ø  Non-coal blocks auction: Mines ministry plans bids for FY 18

Financial Chronicle

Ø  US announces $ 7.5 million to advance India’s power grid
Ø  GSTN appoints Teamwork Communications as official PR agency
Ø  'Digital commerce in India to reach Rs 2.20 lakh cr by Dec'
Ø  Rupee falls for 2nd session, slips 3 paise to 64.52
Ø  Retailers need to file single GST return every month: Adhia
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Prohibition of discrimination against HIV positive persons: The Bill lists the various grounds on which discrimination against HIV positive persons and those living with them is prohibited.  These include the denial, termination, discontinuation or unfair treatment with regard to: (i) employment, (ii) educational establishments, (iii) health care services, (iv) residing or renting property, (v) standing for public or private office, and (vi) provision of insurance (unless based on actuarial studies). 

The requirement for HIV testing as a pre-requisite for obtaining employment or accessing health care or education is also prohibited. Every HIV infected or affected person below the age of 18 years has the right to reside in a shared household and enjoy the facilities of the household.  The Bill also prohibits any individual from publishing information or advocating feelings of hatred against HIV positive persons and those living with them.

Informed consent and disclosure of HIV status: The Bill requires that no HIV test, medical treatment, or research will be conducted on a person without his informed consent.  No person shall be compelled to disclose his HIV status except with his informed consent, and if required by a court order. Informed consent for an HIV test will not be required in case of screening by any licensed blood bank, a court order, medical research, and epidemiological purposes where the HIV test is anonymous and not meant to determine the HIV status of a person.  Establishments keeping records of information of HIV positive persons shall adopt data protection measures.
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Draft Fugitive economic offenders bill 2017:


Key features of the draft Bill include:

A fugitive economic offender has been defined as a person against whom an arrest warrant has been issued and he: (i) has left the country, or (ii) refuses to come back to the country.

An application may be filed before a Special Court (designated under Prevention of Money Laundering Act, 2002) to declare an individual a fugitive economic offender. The individual’s property may be provisionally attached for a period of 180 days.

If the person is declared an offender, his property will be confiscated. An Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 will be appointed to dispose the property and distribute the proceeds amongst the offenders’ creditors.